Describe how the income statement of a manufacturing company differs from the income statement of a merchandising
Question:
Describe how the income statement of a manufacturing company differs from the income statement of a merchandising company.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
The income statement of a manufacturing company differs fr...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Describe how the income statement of a merchandising company differs from the income statement of a manufacturing company. Also comment on how the income statement from a merchandising company is...
-
The income statement of a merchandising company includes a major type of cost that does not appear in the income statement of a service-type business. Identify this cost and explain what it...
-
Describe how the income multiplier works.
-
Create a T-Account Transaction Account titles Cash d Common stock Supplies Creditors accounts payable) Cash Fees earned Rent expense Cash Creditors(accounts payable) Cash Accounts receivable Fees...
-
For each of the following cases, use a ray diagram to show that the angular sizes of the image and the object are identical if both angles are measured from the center of the lens. (a) A convex lens...
-
What processes help to ensure that the impacts resulting from requested changes and corrective actions are managed across the project life cycle?
-
Appendix 10DDescribe accounting for leases and pensions. AppendixLO1
-
The vise shown consists of two members connected by two double-threaded screws of mean radius 6 mm and pitch 2 mm. The lower member is threaded at A and B (μs =0.35), but the upper...
-
23. Dreamtime Laundry purchased $7,000 worth of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the supplies indicated only $1,000 on hand. The adjusting entry...
-
As the accountant for Runson Moving Company, you are preparing the companys annual return, Form 940 and Schedule A. Use the following information to complete Form 940 and Schedule A on pages 5-40 to...
-
Explain the difference between a product cost and a period cost.
-
Describe the schedule of cost of goods manufactured. How does it tie into the income statement?
-
5
-
CASE 7.2 Oracle Corporation: Share-Based Compensation Effects/Statement of Shareholders' Equity A sales-based ranking of software companies provided by Yahoo! Finance on November 5, Year 8, places...
-
A manufacturer of ovens sells them for $1,450 each. The variable costs are $800 per unit. The manufacturer's factory has annual fixed costs of $1,735,000. a. Given the expected sales volume of 3,100...
-
1.1 Explain the vitality of a strategy on businesses like Dell. (15) 1.2 Critically discuss the underlying objectives Dell should follow when formulating its business strategy. (20) 1.3 Discuss the...
-
Our international business plan involves exporting a sustainable apparel brand from India to UK. We will be exploring this plan in further detail below: Product/ Service: Sustainable clothing line...
-
If X is a random variable with probability density function f given by: f (x) = 4x 4x 3 when 0 x 1 and 0 otherwise, compute the following quantities: (a) The cumulative distribution function F...
-
When talking in a large meeting of strangers, I am tense and nervous. 1 2 3 4 5 LO.1
-
In Problem use geometric formulas to find the unsigned area between the graph of y = f(x) and the x axis over the indicated interval. f(x) = x + 5; [0, 4]
-
Which statement is true? (a) Ideal gases mix because mixing decreases their potential energy. (b) Ideal gases mix because mixing increases their potential energy. (c) Ideal gases mix because mixing...
-
Morton Companys variable manufacturing overhead should be $4.50 per standard direct labor-hour and fixed manufacturing should be $270,000 per year. The company manufactures a single product that...
-
Morton Companys variable manufacturing overhead should be $4.50 per standard direct labor-hour and fixed manufacturing should be $270,000 per year. The company manufactures a single product that...
-
Bliny Corporation makes a product with the following standard costs for direct material and direct labor: During the most recent month, 5,000 units were produced. The costs associated with the months...
-
nformation pertaining to Noskey Corporation s sales revenue follows: November 2 0 2 1 ( Actual ) December 2 0 2 1 ( Budgeted ) January 2 0 2 2 ( Budgeted ) Cash sales $ 1 0 5 , 0 0 0 $ 1 1 5 , 0 0 0...
-
The management team of Netflix maintains a stable dividend using the Lintner model: Dt+1 = Dt + EPS Target Payout Where Dt (Dt+1) = dividend in the current period t (the next period t + 1) EPSt =...
-
#1 #2 hapter 50 10 D Werences lav Help Required information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built air-conditioning units...
Study smarter with the SolutionInn App